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Importance of Mental Health & Employee Assistance Programs (EAP’s)

Posted by on October 19, 2021 in Human Resources

It is hard to think of a time in recent history when there have been more things to “stress” about. The COVID impact has been significant, between sickness and loss of loved ones, loss of jobs or furlough’s, work and school from home, and other ramifications too long to list, these have been unprecedented times. If there are to be any lasting positives it may be the bright spotlight that has shone on the importance of mental health. As the world slowly begins to return to a “new normal” it begs the question “what support can be provided to counsel and guide people through the immediate and lasting effects on general and mental health”? One such support method has been the expansion in availability and scope of Employee Assistance Programs Although the modern EAP has been around since the early 1970’s they were further researched by the Employee Assistance...

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Healthcare Renewal is a Great Time for a 360 Degree Review

Posted by on September 30, 2021 in Human Resources

January is a big month for healthcare renewal and a good time to start reviewing your broker relationship. A strong broker / client relationship should be collaborative, a true partnership. Before you meet with your current broker it is wise to do a full 360 degree review your current relationship. Asking your key stakeholder for feedback can be a very valuable tool in showing you care and place employee wellbeing high on your priority list. Here are some key questions for the three main stakeholders to consider or give feedback on: Employers Is our broker earning the fees we are paying them? Do I have unnecessary “add on” costs? How often do I hear from them? How creative are they in providing options and alternatives to control cost without unnecessary disruption for our employees? How responsive are they to our issues and concerns? Do they protect us with compliance...

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PF Compass Relocation

Posted by on September 14, 2021 in Notices

We are excited to announce our relocation to a new state of the art 4,000 sq. ft. office, centrally located at 440 US 22E, Bridgewater, NJ. The space was designed by SNS Architects & Engineers, PC and features a large conference room, a small break out room with video conferencing functionality, two mini-offices for private conversations and large open floor plan. “Our goal was to create a beautiful new space to continue facilitating team collaboration and an enhanced working environment. As we expand our business we felt it vital to offer a first class space to host our local client and vendor meetings, while also integrating cutting edge technology to communicate with all clients” said Partner Brian Honan.   Brandi Bowers | Benefits ConsultantPF Compass Employer Guidance & Benefit Solutions 440 Route 22, E., Suite 190Bridgewater, NJ 08807Tel (732) 258-1032...

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Getting Ready for Winter – Developing Your Inclement Weather Policy

Posted by on November 26, 2019 in Human Resources

Getting Ready for Winter- Developing Your Inclement Weather Policy By Maggie Johnson     Winter will soon be here with all of the snowstorms, blizzards, and freezing weather that come with the season. Keeping a business running effectively during harsh weather can be challenging, but having an inclement weather policy can provide guidelines to employees about when they are expected to report to work and how they will be paid when stormy weather hits. Here are some things to consider when creating your inclement weather policy: Notifying Employees These days, we often receive accurate, advance weather reports. This allows us to plan if there is a predicted storm. Even though we are informed by various news media, it is advisable for employers to have an established notification system for employees to know whether the company will close or if there will be a delayed opening. One way to advise...

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Monthly Newsletter November 2019

Posted by on November 6, 2019 in Newsletters

Dear Valued Clients and Associates, With January rates finally available from the carriers, benefit strategy meetings are in full swing between employers and their brokers. Offering multiple medical plans coupled with ancillary and voluntary benefits may give you the edge in attracting and retaining top talent. To accomplish this, a smart employer contribution strategy is critical for your bottom line and we can help you find the balance! We’d love to learn about what is important to you and your organization and help you reach your benefit goals. If you’re open to a chat, give me a call today 732-258-1032. Here is your November 2019 Newsletter with a combination of HR and Health related news. I hope you enjoy! All the best to your success, Brandi Bowers     Employers Are Scaling Back Their Dependence On High-Deductible Health Plans By: Michelle Andrews for khn.org Everything old is new again....

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Caution of Offering Health Coverage to Non-Employees

Posted by on November 4, 2019 in Human Resources

Is offering health coverage to Non-Employees risky? A frequent Compliance Corner question asks whether employers can include independent contractors in their health plans or other benefits.   When dealing with contractors or temporary employees, many think they are not eligible for their health plans or other benefits such as COBRA or FFCRA. The answer to this question is more complicated than one might think. So, is offering health coverage to non-employees risky? The Scoop Most benefit experts advise against including independent contractors or other non-employees such as 1099 employees, non-employee directors, or leased employees on employer’s benefit plans. Here are three (3) reasons why this may be inadvisable: Treating an independent contractor as an employee may undermine an employer’s assertion that the individual is not an employee. The DOL and the IRS, as well as their state counterparts, have aggressive programs to uncover worker misclassification. By offering a non-employee employee...

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Monthly Newsletter October 2019

Posted by on October 10, 2019 in Newsletters

Dear Valued Clients and Associates, I just wrapped up 2.5 days at the Garden State SHRM conference in Atlantic City. I visited with some great vendors and attended some interesting break out sessions. The highlight for me was the closing Keynote speech by Dr. Richard Pimentel… and to think I considered leaving early… I’m so glad I stayed! Dr. Pimentel was inspiring. He told his story and shared gems of wisdom on leadership, character, the power of having someone believe in you, response-ability and chasing your dreams… all with an incredible sense of humor that had the crowd in stitches. His words struck a chord and have provoked a lot of thought. Don’t change your dreams to fit your circumstances, change your circumstances to fit your dreams, he advised… and that is just what I did when I chose to join PF Compass. I wanted to have a bigger...

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Planning for Open Enrollment

Posted by on October 1, 2019 in Human Resources

Planning for Open Enrollment By Maggie Johnson     As we go into the fall, most companies will begin the process for Open Enrollment. Open Enrollment for many employers will be held in November and sometimes into December of 2019 for the 2020 plan year. To ensure your Open Enrollment goes smoothly, here are some suggested tips. Employee’s Share of Premium Most employees share the cost of the premium for health insurance coverage with their employer. For 2020, it is predicted by the Mercer National Survey of Employer-Sponsored Health Plans that the total health benefits costs per employee will increase by 3.9%. According to AON Consultancy’s 2020 Global Medical Trend Rates Report, healthcare benefit cost is expected to rise by 6.5% in the US. However, whether a health insurance plan is self-insured or fully-insured, the company’s claims experience is normally reflected in that company’s healthcare premium rates, and may...

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Monthly Newsletter September 2019

Posted by on September 13, 2019 in Newsletters

Dear Valued Clients and Associates, All things fall are on their way – the kids are back in school, pumpkin spice lovers have their coffee and beer back in season, temps are dropping and the leaves are starting to change to the beautiful orange, yellow and red that make autumn picturesque. Many folks are starting to shift gears in preparation for third quarter and year end activities. Vendor evaluations for new year transitions and upgrades are under way, or at least, they should be soon. This is a great time to take a look at the benefits you are offering your workforce – are you and your employees getting the best bang for the buck on your health insurance policies? And when was the last time you benchmarked your 401k? We can help – no strings attached. We’d love to come meet you, learn about what is important to...

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Romantic Relationships in the Workplace

Posted by on September 1, 2019 in Human Resources

Romantic Relationships in the Workplace by Maggie Johnson     When two people spend a lot of time together, a romantic relationship may develop between them.  In a recent survey by Namely, 40 percent of the survey’s participants indicated that they’d had a romantic relationship with a co-worker, with five percent of them having had a romantic relationship with their boss or a direct report.   A 2017 CareerBuilder study showed 41 percent of professionals have dated a co-worker with 30 percent of office romances resulting in marriage.  While a blooming romance may be a happy thing, in the workplace, it can spell big trouble!  For a couple working alongside each other, and who are engaged in a romantic relationship, here are just three issues that could spring from that situation: Office gossip and some teasing of the couple may seem harmless at first, but could lead to detrimental consequences. ...

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